EXPLORATION

And the winners are…

OFFSHORE investment of $380 million is on the way after the release of nine offshore exploration blocks in the second round of the 2011 offshore exploration acreage release but $349.5 million of it will come from a Woodside and Shell joint venture.

James McGrath

A total of 33 work program bids were received from numerous players for a potential of 12 blocks, with Woodside managing to snag seven of the nine blocks awarded. Three blocks, namely WA-466-P, WA-462-P...

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